44 cash - An Overview
44 cash - An Overview
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Should the specialists declare their cash flow to be fewer than 50% of their gross total receipts in addition to if they exceed the the Restrict of gross receipt, then they cannot select presumptive taxation.
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Most homes have some risk of natural disasters, and could be impacted by climate modify resulting from mounting temperatures and sea degrees.
However, to provide aid to compact taxpayers from the tiresome occupation of preserving books of account and obtaining them audited, earnings tax law has released the strategy of presumptive taxation scheme.
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Deduction of remuneration is not allowed In case the corporations money are taxed under the presumptive taxation area 44AD or 44ADA.
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